Iknowwhatyoudidtoday: foreclosure homes

I do think facing a person and not trying to figure out things via the phone is a much better solution for the homeowner.

I can't imagine how difficult it is to streamline this mess. I once was a tax preparer and that was bad enough. While I enjoyed helping people, and getting them the best outcome, I was often horrified by the terrible bookkeeping going on. Those sessions also revealed terrible spending habits with no change in sight. It is like watching a train speeding out of control.

The woman that spoke of the furloughs making it impossible for her to pay her mortgage, is a prime example of people living paycheck to paycheck. Many bought homes banking on overtime. Few bought homes expecting a bump in the road.

I was married at 19, had a baby that next year, and since have felt many, many bumps in the road. I expect it. I learned real early how easily things can go south.

Again, I would rather live well beneath my station in life, meaning my finances, then live above it and lose it all. While renting might seen a step down, I have done that a few times in my life and was perfectly fine about it. Sometimes it is better to stop fighting the inevitable. and stop beating up on yourself and move on.

Figures my comment would be voted down. Most people in here aren’t looking for reality, just to tow the party line.

Predatory lending is mostly hype, driven by those who want to keep the eye off the ball. The higher risk market is a market, like it or not. And its a lucrative one when done right, with proper oversight to ensure lenders maintain sufficient capital from their increased profits (driven by increased interest rates) to cover the NATURALLY higher rate of default.

Naturally higher rate of default? uhhhh yea….duh.

That’s why its called high risk. You people are buying into the Nancy Pelosi Harry Reid nonsense of NO RISK lending.

High risk lending is how new businesses are formed, and they fuel development, meaning work, jobs, for tens of millions of people. Those jobs feed families. Families who right now are on food stamps, while you people talk about extending their welfare.

They don’t need welfare.

They need JOBS.

They want JOBS.

Most Americans want to work, but the jobs aren’t there. Because when builders can’t build, because buyers can’t buy, then workers can’t work. Period. And I’m not just talking about construction workers here. I’m talking about the independent owner operator who does long hauls of building materials. Or the guy who got hired on at the truck tire factory because more trucks are on the road. And the girl at home depot ringing up that new hot water heater you just bought because you’re upgrading your home to energy efficiency, or the guy who works at the roofing shingle factory, or the guy who drives the roach coach there each day because the factory’s open and doing a booming business, or the real estate lady, or the girl at the title company, or the landscaper, or home appraiser, who has more work than he can handle, or the local city govt hiring on 20 new pot hole fillers because their coffers are so full from the real estate sales taxes, to the guy working at the railroad that ships all that nice new lumber for all those homes going up for all those people buying them, to the cashier who got the extra shifts because business was so good at the local truck stop, to the….

There is no end to the jobs that were supported by our booming housing market. Alan Greenspan testified before Congress that the tent pole of our economy that was propping it up, was the housing market. He WARNED against letting it falter. Hell he wrote it in his book.

But no one listened.

Just like no one listens in here.

Because you’re too f$#king stupid, or too f#$king pompous, or too fuA#king something, because no one learned a damn thing.

No one got it. No one gets it.

Greenspan got it.

And so did Nancy Pelosi. And she USED it.

And it worked.

And now, all we have is a country full of dumbFa#4ks, running their mouths about things they read about on google. They don’t KNOW first hand, which by the way is the only reason I know.

I’m not smarter than anyone else and don’t claim to be. I just had first hand knowledge because it directly impacted me when it happened. And when my Mortgage broker called me the day Pelosi announced her “hearings” to “CLAMP DOWN ON LENDING”, and told me the money’s all frozen and the underwriters have stopped underwriting, thats when I SAW it happen, in real time.

Not some bs nonsense I’m regurgitating from google to try to sound erudite on a subject I know nothing about. No sir. First hand insider knowledge. The loans that were fine one day, were gone the next. And MILLIONS of developers were left holding properties, they could not sell.

Because suddenly there were no more mortgages for people to buy them with.

So go on, vote this one down too sheeple. Don’t let the truth stand in the way of your partisan pompousness. Just vote away. Might as well, because you vote the away the country just as easy.

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eric seiger eric seiger

I do think facing a person and not trying to figure out things via the phone is a much better solution for the homeowner.

I can't imagine how difficult it is to streamline this mess. I once was a tax preparer and that was bad enough. While I enjoyed helping people, and getting them the best outcome, I was often horrified by the terrible bookkeeping going on. Those sessions also revealed terrible spending habits with no change in sight. It is like watching a train speeding out of control.

The woman that spoke of the furloughs making it impossible for her to pay her mortgage, is a prime example of people living paycheck to paycheck. Many bought homes banking on overtime. Few bought homes expecting a bump in the road.

I was married at 19, had a baby that next year, and since have felt many, many bumps in the road. I expect it. I learned real early how easily things can go south.

Again, I would rather live well beneath my station in life, meaning my finances, then live above it and lose it all. While renting might seen a step down, I have done that a few times in my life and was perfectly fine about it. Sometimes it is better to stop fighting the inevitable. and stop beating up on yourself and move on.